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R.D. Kagen employs Audrey Lopez at salary of $33,200, a year. Kagen is subject to employer Social Security taxes at a rate 6.2% and medical

R.D. Kagen employs Audrey Lopez at salary of $33,200, a year. Kagen is subject to employer Social Security taxes at a rate 6.2% and medical taxes at a rate 1.45% on Lopez salary. In addition Kagen must pay SUTA tax rate 5.4% and FUTA tax rate .8% on the first $7,000 of Lopez salary. Compute the total cost of Kagen of employing Lopez for 1 year. It required round your answer to the nearest cent.

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